Global Micro-LED Market Growth 2025-2031

Global Micro-LED Market Growth 2025-2031

The global Micro-LED market size is predicted to grow from US$ 1766 million in 2025 to US$ 13090 million in 2031; it is expected to grow at a CAGR of 39.6% from 2025 to 2031.

Micro-LED, also known as microLED, mLED or µLED, is an emerging flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. When compared to the widespread LCD technology, Micro-LED displays offer better contrast, response times, and energy efficiency.



Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems. Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.

Japan is the largest Micro-LED market with about 39% market share. North America is follower, accounting for about 3% market share.

The key players are Samsung Electronics, Apple, Sony, Jbd, Lumens, LG Display, Innolux Corporation, VueReal, Plessey Semiconductors, AU Optronics, Lumiode, eLux, Inc. etc. Top 3 companies occupied about 96% market share.

LP Information, Inc. (LPI) ' newest research report, the “Micro-LED Industry Forecast” looks at past sales and reviews total world Micro-LED sales in 2024, providing a comprehensive analysis by region and market sector of projected Micro-LED sales for 2025 through 2031. With Micro-LED sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Micro-LED industry.

This Insight Report provides a comprehensive analysis of the global Micro-LED landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Micro-LED portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Micro-LED market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Micro-LED and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Micro-LED.

This report presents a comprehensive overview, market shares, and growth opportunities of Micro-LED market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Small Sized Panels
Medium Sized Panels
Large Size Panels

Segmentation by Application:
Cellphone
Wearable Watch Device
AR/VR
TV
Others (Automotive Display, etc.)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Samsung Electronics
Apple
Sony
Jbd
Lumens
LG Display
Innolux Corporation
VueReal
Plessey Semiconductors
AU Optronics
Lumiode
eLux, Inc.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Micro-LED market?

What factors are driving Micro-LED market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Micro-LED market opportunities vary by end market size?

How does Micro-LED break out by Type, by Application?